Foraco International (TSX:FAR) Debt-to-Equity : 1.16 (As of Dec. 2023)

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What is Foraco International Debt-to-Equity?

Foraco International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$21.9 Mil. Foraco International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$111.6 Mil. Foraco International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$115.3 Mil. Foraco International's debt to equity for the quarter that ended in Dec. 2023 was 1.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Foraco International's Debt-to-Equity or its related term are showing as below:

TSX:FAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 1.79 Max: 12.58
Current: 1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Foraco International was 12.58. The lowest was 0.89. And the median was 1.79.

TSX:FAR's Debt-to-Equity is ranked worse than
89.61% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:FAR: 1.16

Foraco International Debt-to-Equity Historical Data

The historical data trend for Foraco International's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Foraco International Debt-to-Equity Chart

Foraco International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.81

12.58

1.96

1.62

1.16

Foraco International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.62	1.53	1.39	1.27	1.16

Competitive Comparison of Foraco International's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Foraco International's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Foraco International's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Foraco International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Foraco International's Debt-to-Equity falls into.

Foraco International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foraco International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(21.859	+	111.614)	/	115.274
	=	1.16

Foraco International's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(21.859	+	111.614)	/	115.274
	=	1.16

Foraco International (TSX:FAR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Foraco International Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Foraco International's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Foraco International (TSX:FAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Foraco International SA (TSX:FAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FRACF:USA 3F3:Germany

Address

26, Plage de l’Estaque, Marseille, FRA, 13016

Website

https://www.foraco.com

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration. The principal sources of revenue consist of drilling contracts for companies primarily involved in mining and water exploration. The group has its operations in Europe, the Middle East and Africa, North America, South America and the Asia Pacific.

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